Optimal
Caution
Warning

Pre-Trading Emotions Checker

1 3 4 6 7 10
Optimal Caution Warning
1
  • No emotions (neither negative or positive)
  • Calm, collected & clear head (zen mode)
  • Price action is very clear

PERFECT:

Trade normally

3
  • Minimal emotions
  • Good focus, slightly out of "zen" mode
  • Price action looks good

GOOD:

Trade normally

4
  • Slight emotions
  • Feeling ok/so-so
  • Price action is a bit unclear

OK:

Trade with caution. Consider reducing risk by half.

6
  • Moderate emotions (e.g. impatient)
  • Feeling impatient waiting for a trade setup
  • Price action is a choppy

BAD:

Skip session, take 30m walk or trade with lowest risk amount.

7
  • Strong emotions (e.g. frustrated, overjoyed)
  • Desire to "make it back" or be "right"
  • Mind is elsewhere or bothered by previous trade

POOR:

STOP TRADING! Take min. 1 day off or wait until emotions are gone.

10
  • Extreme emotions (e.g. anger, bliss)
  • Cannot focus, lost control of mind/body
  • Unwilling to take another loss and refusal to use a stop loss

TERRIBLE:

STOP TRADING IMMEDIATELY! Take min. 3 days off or wait until emotions are gone.